Tourmaline Oil (OTCMKTS:TRMLF) Shares Up 0.4% - Here's What Happened

Tourmaline Oil Corp. (OTCMKTS:TRMLF - Get Free Report)'s share price shot up 0.4% on Thursday . The stock traded as high as $45.93 and last traded at $45.38. 152,076 shares traded hands during trading, an increase of 184% from the average session volume of 53,575 shares. The stock had previously closed at $45.19.

Analyst Ratings Changes

Separately, Cibc World Mkts upgraded shares of Tourmaline Oil to a "strong-buy" rating in a research note on Friday, October 18th.

Tourmaline Oil Stock Down 2.9 %

The business has a fifty day moving average price of $46.39 and a two-hundred day moving average price of $45.71. The firm has a market cap of $16.37 billion, a PE ratio of 14.01, a P/E/G ratio of 1.92 and a beta of -0.68. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.01.

Tourmaline Oil Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were given a $0.3606 dividend. This is an increase from Tourmaline Oil's previous dividend of $0.26. The ex-dividend date of this dividend was Friday, November 15th. This represents a yield of 3.16%. Tourmaline Oil's dividend payout ratio is presently 32.10%.

Tourmaline Oil Company Profile

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.